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the economy. >>> a top hezbollah leader is killed. the lebanese group says he was assassinated. ♪ >>> the u.s. economy is growing but so is the income gap between the rich and the poor. president obama will talk about how to change that and other aspects of the economy when he speaks at a washington think tank in just a few minutes. mike viqueira joins us from washington. mike, good morning, what are some of the main points the president is expected to address? >> reporter: you are right, the president turning a page now after the last two months healthcare.gov debacle. he is going to talk about the grows gap between rich and poor. it's not a new story or a new subject for president obama. he talked ariel castro it two years ago in a benchmark speech in kansas. and he spoke a little bit about in this year's state of the union. the top 1% in this country have seen their income triple over the course of the last 28 years, meanwhile the middle class has scene their income grow at a modest 1% on average over the course of that same time annually. so the president will be talking about that. he'
and beyond. a step in the right direction for the u.s. economy, a new report reveals the job picture is rienthing and unmroement is falling. a severe wind and ice storm is moving east. hundreds of thousands are without power, and travel problems are building. ♪ >>> in south africa and around the world people are k looking at the legacy of nelson mandela. meanwhile funeral plans are ama and the first lady will be there to pay their respects. here are some of the details of what is to come. on tuesday decemb10th an official public memorial will be held in johannesberg. his body will lay in state for three days. the memorial's culminate with a state funeral. finally, mandela will be buried on sunday december 15th. >> reporter: tributes are being paid and prayers made for the icon. and now the world can officially say good-bye to nelsonela on december 10th which will be the official memorial service. and then for the following three days his remains will lay in state. but before then south africans will have a chance to remember the man who change lives forever. >> we have declared the
are getting back to work and they have the numbers to back it up. quantity matters more than economy, still, this economy is starting to get more real. >> if you like your doctor, you can keep him, as long as why your doctor is still in your network approximate. >> smokers beware. a company says if you light up, there's no job for you. this is real money. >> this is real money, you are the most important part of the show, join our live conversation on twitter. this is a glass, and it's full. it's not half empty, it's no the half full. it's full. this glass represents the government's employment report. five years after the worst recession since the great depression, america's economic recovery appears to be on solid footing. in november, the u.s. economy added 203,000 net new jobs. that is coming off revised figures that now prove we've added almost 200,000 new jobs a month since the summer. so far, the economy is up 2.1 million jobs this clear. 2013 is likely to be the best year for hiring since 2005. now, all those new jobs tarting to make a real dent in the unemployment rate. it fell to
to our economic, to the way our economy functions, that is, with banks having the opportunity, banks and other financial institutions having the opportunities to criticize what the government is suggesting, but, also, to our political system because the public then will not get the kind of feedback about what the government is doing that they can only get from the regulatory, from the regulated industries. so that's, those are the two policy issues that come out of this very, very heavy settlement that the government exacted from jpmorgan chase. thank you. >> thank you, peter. i mentioned earlier that we had intended a fourth statement but we were not able to complete that in time given the weather conditions. we'll send it to you by email but he wants review part of it before that. >> it's a simple statement. we had technical difficultyings with a missing e copy. it is a comment on a letter by four resolution authorities in four different leading countries to isda, international wall dealer association. changing master agreements to facilitate bank resolution. when they realize if a
, these trends are bad for our economy. one study finds that growth is more fragile and recession is more frequent in countries with greater inequality. .hat makes sense when families have less to spend, businesses have fewer customers. households rack up greater mortgage and credit card debt. topentrated wealth at the will not result in broadly based consumer spending that drives our economy and with less regulation, it may contribute to risky speculative bubbles. rising inequality and declining mobility are bad for families and social cohesion. not just because we tend to trust our institutions us, but studies show we actually tend to test -- trust each other less. host: that was the president yesterday talking about income inequality. toare turning to all of you get your stories. are you able to move up the economic ladder? we have the lines divided by age. start calling us now. you can put your comments on facebook or tweet us as well. a response from house speaker john boehner's spokesman. they promote government reliance rather than economic mobility. what are your thoughts on this?
of some potential break through, however, he reviewed the republican perspective of it's about the economy, and we have a plan to improve the economy, and that's not related to social benefit programs. >> that we create more american jobs and better american wages. the republicans continue to focus on strengthening the economy for middle class families. that's why we passed nearly 150 bills many of them will help our economy, they are still sitting in the united states senate. so you hear a difference, how republicans approach things and democrats approach things. he also used his time to rail against obama-care, the federal healthcare law, he says that's one of the other priorities that and getting the economy going less so than working on the unemployment benefit issue. >> and torment, the labor department releases the november employment numbers. stick with al jazeera america for full coverage of that important report. some fast food workers are striking in more than 100 cities. they are demanding an increase in the minimum wage, and pushing to make it easier to unionize. many are askin
and a very favorable way for wall street despite the expectation that a growing economy will lead to the end of the federal reserve easing money policies. first to the economy, the november jobs report showed an unemployment rate of 7%. that is the lowest monthly unemployment rate since the december before president obama took office. the economy beating expectations , creating more than 200,000 jobs last month. with september and october payroll numbers also revised higher. the labor force participation rate ticked up for the first time in nearly five years. after hitting a 35 year low in october. and the total number of people out of work including the unemployed and the under employed dropped by more than a million people last month. those job gains and a broad range of industries, including higher paying sectors like manufacturing and construction, which added 27,000 new jobs alone last month. wall street today indicated investors may now be prepared to bid adios to quantitative easing despite lingering fears that the better reserve will quit its easing money policies in. the doubt -- do
for the goods in china and other nations. the cap the world's economy humming. it may not work that way anymore . a rebounding u.s. is giving less support for you -- for global growth than it has in the past. the smallest u.s. current account deficits since 1999 shows the trend and the discovery of new domestic sources of oil and gas, it reinforces this issue. the country is spending less on imported energy." you can read the full story on bloomberg's website. the front page of "the pittsburgh post-gazette" -- a look at some of the victims from one year ago and a story that will likely get a lot of attention in the week ahead. this is from "the detroit free press" -- you can get more information by logging on to freep.com. next is robert from massachusetts. decline andre in the reason is because we, as a viewed -- when the world our opinion not to go to war, we would not go with our allies. we are ia country that has of thed because one world sees our moral fabric has declined, that is a decline any way. when bush stole the election world looked the --it is not a has way we go about the world.
they know that these sanctions have absolutely crippled that economy. and so, what we would risk doing here in implementing a new round of sanctions is not just screwing up the negotiation, but sending a message to the iranian people, who are frankly way more pro-american than people might think -- >> right. >> -- that we aren't really serious about ultimately doing the deal they want. the hard-liners are isolated right now in iran, and we are, frankly, going to empower them if we show up at the table in the middle of these short-term negotiations with a new round of sanctions that even though they may take place in the future. this is about building confidence with the negotiators on the iranian side but also the iranian people. >> there's a political dimension to this. one of the polls we have, which is from reuters ipsos, on support for this deal show 2-1 support for it, which i was heartened to see. that doesn't necessarily reflect what i saw necessarily in the pundit class. but there's another moral dimension to this. i've heard a lot of people, along with some of your colleagues and c
about this later in this half-hour? get the economy strong enough, wringing hands over federal reserve losses? charles: we are making the transition to a faster economy, the period when you hand the fed driven rally to the economy, weeks or months, and the bias will be to the downside. dagen: the fourth. and football. a missed call last week. and new technology on the field for the nfl. connell: cold weather driving that energy, we will have the forecast and latest on the market impact coming up as we continue on markets now. no one is talking about a down market but here are some winners on the s&p 500. dagen: this is what is coming up on the next half-hour of new technology that can help nfl officials and change the game looks, potentially. leading the charge as energy prices react to the bitter cold in thin the midwest. and not great news for stocks. we will dig into that even further. and a 1% on your christmas list who loves coffee? they gift for them. in short supply this year than even last. nicole: that is right. this will be hot demand item. seems somewhat irrational to some a
is helping to create a stronger economy and a fairer society. will the prime minister meet me and a delegation of young people from cornwall to see how we can further promote these very worthwhile schemes? >> i am delighted with the news about the number of apprenticeships in cornwall. the government have made a major financial commitment to funding apprenticeships. that is making a difference, but there is far further to go in tackling youth unemployment and worklessness among people between the ages of 16 and 24. i am always happy to meet with him, perhaps a suitable moment might be when i am in cornwall. >> house prices are going up at a time when real wages are going down. does the prime minister accept that when interest rates go up after the election, it will detonate a sub-prime debt crisis of his making? >> the greatest danger in terms of interest rates would be to have a government who believed in more borrowing, more spending, and more taxing. that is what would drive up interest rates, that is what would hit the cost of living and that is what every family in this c
the economy probably added around 173,000 barrels last month alone. we will preview friday's government report. we have international trade coming along with productivity and cost. at 10:00 a.m., we get new home sales and ism nonmanufacturing. finally this afternoon we have the fed's beige book. 21 of the 30 dow components actually declined yesterday. the blue chip index dropped for a third straight day. this was a little bit of a drop because, again, three days in a row we haven't seen anything like that in several months. if you're wording about investor securities, the gauge rode to a six-week high. this morning, u.s. equity futures are indicated up slightly, up by about seven points. s&p futures down by over a point. nasdaq up about a point. and the ten-year note, this is what we've been watching so closely. the ten-year note at some point is yielding 2.8%. >> exactly. >> that's been driving the direction for a lot of these things. moving up yesterday was around 2.78. but 2.8 is where people start to sit up and take note. >> just under 16,000. vix at 14. ten-year, 2.8%. i'm not ready to sa
nightmare of a cruise ship. good morning, everybody. stocks finally good news on the economy means good news for stocks. nicole is on the floor of the new york stock exchange to explain it all. nicole: we are seeing something have not seen in some time, some big gains, green arrows. triple digit gains in the dow jones industrial. we have not had an up day where at the closing bell we had i anp arrow for the dow. since before thanksgiving, since last wednesday. it is welcome especially for the bulls, but for right now it looks like we will be snapping our winning streak we have seen. up 8 of the last straight weeks, but last friday the dow closed 16,086, so some way to go with that. some all-time highs worth noting. you are hot on these names. 1064. back to you. dagen: i'm smiling because two of my favorite people on the planet are here. two of my favorite people. here to talk about this, the newest news on employers. 243,000 jobs in november beat estimate by more than 20,000 people. a five year low of ninth round. labor participation rate, the number of people in the workforce looking for wo
, subsequent roads, transit and water investments helped fuel our economy and tie the nation together. more recently, the failure to address long-term funding has also been bipartisan. the bush administration ignored strong recommendations from their own private sector experts that they impaneled to give advice. although the obama administration did request and employ some modest funding in the recovery act and has proposed an infrastructure bank and talked extensively and i think sincerely about the need for investment, what has been lacking has been a specific concrete proposal from either party to address infrastructure financing in america. while the political maneuvering has secured here in washington, the gap in the highway trust fund has been growing and conditions of our roads, bridges and transit systems have been deteriorating. this puts america at a competitive disadvantage, complicates the movement of goods and people and contributes to congestion and pollution. at the same time, the needs grow, the resources are in significant decline. the gas tax has not been increased since t
sure our economy works for every working american. >> and this session of congress is set to go down in history as the least productive. 911 audio tapes reveal calmness from police dispatchers on the day from the sandy hook elementary school shootings. >> the u.s. economy is growing but today president obama said the income gap between rich and poor americans is growing, too, and he's calling on washington to address the problem. >> a dangerous and growing inequality of upward mobility that jeopardy disease america's basic bargain, if you work hard you have a chance to get ahead. i believe this is the defining challenge of our time. making sure that our economy works for every working everyone. >> oonjonathan betz is here wita breakdown. >> the rich is getting richer and the poor is getting poorer, we hear it all the time, but what does it mean? last year's median income is $51,000 but that's down from the year before. and it's down if you adjust for inflation. almost all the money being made is going to the very rich. the income of the top 1% of the population grew by close to 51%.
blitzer in washington. big news for the u.s. economy today. hiring is up. unemployment is down. the jobs numbers for november were released this morning and they're much stronger than many analysts had been expecting. take a look. the economy added 203,000 jobs last month. that's 20,000 more than many of those economists had predicted. another surprise, the unemployment rate fell to 7% from the 7.3% a month earlier. that happens to be a five-year local and a real sign the economic recovery may be gaining some momentum. our christine romans is in new york watching all of these numbers for us. how significant are they, christine? >> it's significant, wolf. now you've got a trend in place for the year, you've got more than 2 million jobs on track to be created the best since 2005. it has been pretty in israble since the recession and the bubble burst and to say you're going to have jobs growth, on track for jobs growth, the best since 2005 is significant. you want it see these numbers, 200,000 a month and more and want to see it continue. the unemployment rate going down to 7%, wolf, the wh
and the economy. the data now raising concerns over what can still be accomplished in his next few years as president. joining us now is our political panel angela mcgrewen, fox knew political analyst, and ronow molono. the president used to enjoy euphoric ratings. now his approval rating is abysmal on all kinds of issues. so ways happening overall? why is this happening? what kind of take do you look at this -- what prism do you look at this through, angela? >> the bottom line is this. are you better off today than you were four years ago? most americans that elected this president yet again, now they're having buyers remorse, because most americans are not better off. if you look at the unemployment rate at 7% but for the black community, last check, it was 13%. the hispanic community has not lowered that much and for women and young adults, if you have a college degree, kelly, most people don't have a job today, so people are looking at this situation and though the president is a great orator, a great politician, motivational speeches do not make a more prosperous america. >> when yo
difficult to forecast exactly one that is going to be. in part because the economy is -- it is a little bit more strong. as a result that extends the time in which the treasury -- atment can do things some point congress is going to have to do that. i suppose the earliest it could possibly be is february. it is much more likely that it is sometime in spring or the beginning of the summer. then you are going to get the debate over -- we should look at tax hikes, changes in entitlement. it is hard to see how they are going to get any agreement on those areas. particularly in election year. the house is expected to adjourn for the year on friday and the senate shortly after. a lot of high-profile legislation still hanging in the balance. it is the list of what is likely to make it through the 113th congress. i think the only thing that is likely to get through is the defense authorization act. will see what gets included. one thing we will be watching is to see whether any legislation sanctioning iran is added to that bill. the administration is doing everything it can to prevent congress from
. it will be good for our economy and our families. [ applause ] >> number four, as i alluded to earlier, we still need targeted programs for the communities and workers that have been hit hardest by economic change in the great recession. these communities are no longer limited to the inner city. they are found in neighborhoods hammered by the housing crisis, manufacturing towns hit hard by years of pant plant -- plants packing up. land locked rural areas where young folks feel like they need to leave just to find a job. so we have put forward new plans to help these communities and their residents because we watched cities like pittsburgh or my hometown of chicago revamp themselves, and if we give more cities the tools to do it, not hands out, but a hand up, industries like detroit can do it too. so in a few weeks we'll announce the first of these promise zone where we're support local efforts, focused on national goals. ♪ [ applause ] >> and we're also going to do more for the long-term unemployed. for people who have been out of work for more than six months often through no fault of their o
the economy so far had not been strong enough to make its time to taper, but now that has changed? >> the economy is certainly doing better. the lead indicators, manufacturing, some of the retail numbers have certainly improved since we last talked. employment numbers are eight bit better. still not great, but it is better. the lagging one is the inflation. i think things have improved enough that maybe the injured forward enough. i suspect a very legitimate debate to move at the december meeting. so it is coming in the next few months. connell: let me go back there one more time. you talk about the fact valuations in several areas were stretched now here we are 16,035 or thereabouts). now the economy is picking up, the market still above 16,000 the pullback with friday's big again. what about the valuations as you see them today? >> they were the triple digit nasdaq companies, some of which are still fairly expensive. the market overall i don't think you can power the table and say it is cheap anymore, but it is not expensive relative to my other choices. so dependent on the u.s.
in order to grow the economy out of the current debt. you need to have the stimulus. but not just in banks and others, but others who have the safety net and those who spend the vast proportion of their income. and as i will show you, we will see that a lot of safety nets actually preserve the business to pay off longer-term debt. and the imf did recognize this after the staging crisis occurred. it was the first time a formal apology was issued and it took five years, one of the most dramatic apologies of the international institution possible. coming to the current recession, we see again a vast divergence across the country and you might have heard recent reports that alcohol drinking has gone down with the recession in the united states. and that is a bit disingenuous. it's alcohol sales that has gone down. and drinking has sort of emerged across the country and most people have bought less as they have less money in their wallet. but a smaller population, particularly young men, have either had trouble finding work or were unable to maintain work and have started frequent binging. and
in the economy. the fed has been fighting that trying to keep rates down to ensure the economy is really getting going, not just one time only, but steady in creating a lot of jobs. now if today's data is a sign that things are on track in this country, i don't know what it is. i just don't know what is good data. after i saw this data. so you have to figure the fed stops fighting the tide unless rates rise and this will present more competition for stocks and it can reverse the terrific data we got today and that's what janet yellen has to be worried about. the successor to bernanke. maybe the data is aberrant. we haven't seen a surge in consumer spending. we really haven't seen a strong employment growth, and while we keep talking about a budget compromise today, forget it, it's not a surety. it may not do anything other than resolve the ridiculous sequester that's so twisted government spending. frankly, i tried to dispense with this as quick as i can. why? anyone can trace it. so let me tell you what you don't know. you have heard about this tapering game for so long. i know you don't care t
bell rang just seconds ago on wall street as a new jobs report exceeded expectations, has the economy finally, finally taken off? >>> and the world lead. former president jimmy carter joins us to eulogize nelson mandela, the south african freedom fighter has been canonized for his accomplishments. did you realize the u.s. had him on a terrorist watch list until 2008? >>> good afternoon. welcome to "the lead." we begin with the national lead. it's like most of the country is living inside a flu medicine commercial right now. brutally cold weather has descended upon most of the nation, bringing a deadly ice storm sweeping from texas to new york. nearly 2,000 flights have been canceled, many of them going to or from the dallas-ft. worth airport. it's colder in dallas right now than it is in anchorage, alaska. authorities fear that no amount of shoveling or salting will make the streets safe enough for the dallas marathon or holiday parades so officials decided to cancel both of those events this weekend. at least four deaths are blamed on this massive storm. two of them in oklahoma, wher
]. >> you're causing them to become part of this perpetual unemployed group in our economy. >> maybe you should lend a hand, hmmm? >> with the american worker or against them. >> now we have class envy being stoked by the democratic party. >> oh, my gosh. does that suck. >> we have the most unequal distribution of wealth and income in any major country on earth. >> if you raised the minimum wage too high, you're going to have not more jobs but fewer jobs. >> you sit on a throne of lies. >> but income inequality is ticking up nonstop. >> nobody gives you anything. you earn it. >> we have this big conversation going on in this country right now about income inequality. but none of them have ever experienced it. >>> put some ketchup on that one, will you? good to have you with us tonight, folks. thanks for watching. well, do you remember back in 2000 when bush ran and the conservatives coined this term, compassionate conservatism? wow, was that in a different era. there is no compassion, as far as the republicans are concerned. just listen to what they say, just listen to what they're propo
, good news about the economy, two brand new snapshots of the u.s. economy, both striking ones. the gdp, the gross domestic product shot up 3.6% in the third quarter and a second report is showing the best private sector jobs growth all year. zain asher will join us had ffrw york in a minute. probably means the friday jobs market numbers will be very good. those numbers come out tomorrow. >>> the fight to close that wage gap heats up today, in just about two hours thousands of fast food workers are expected to protest in 100 cities across the country, from new york city to new orleans, to oakland, trying to pressure employers into paying a livable wage of $15 an hour. now they've got a powerful ally on their side, president obama. >> we know that we're going to have a greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail sales people who work their tails off and are still living at or barely above poverty. that's why it's well past the time to raise a minimum wage. >> but the messa
? >> very much like peter said, many want more evidence the economy is indeed strong enough that they feel comfortable to pull back a bit because the last thing they want to do is pull back and have to reverse course. they stop asset purchases twice before only to come back in again. they don't want that to happen. december is a tough time to start tapering. a lot of people are on vacation, the market is very thin. the last thing they would want to do is potentially make a move leading to an exaggerated reaction in the bond market because again you have this. it will be a 2014 story. cheryladam: why not the january meeting? is that too soon? speak a lot of people have turned their forecast focus to . you don't have it press conference afterwards. you can always announce the decision to start doing press conferences after every meeting and that would put january into play. between the leadership transition, the fact they will not be doing new forecasts. we are looking for a very weak fourth-quarter gdp number. could only be half to 1%. adam: let me play devil's advocate. gdp in the last qua
refuses to act, it won't just hurt families already struggling. it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. >> well, our business panelists here to debate what we lose and what we gain if those benefits end. make your way over here, biz whizzes. >>> time for a quick check of your headlines. watch out below. amazing video. sheets of ice raining down from the rooftops at an apartment complex in plano, texas. nobody was hurt. >>> new video of a mini van packed with kids, the new mexico state trooper canned for firing the shots appealing his dismissal. in a statement his attorney says every day police officers put themselves in danger to protect the public. the driver of the mini van had been stopped by another trooper for speeding. she fled twice after that officer tried to give her a ticket and arrest her. >>> in phoenix a gunman surrender after an hours long standoff with police at a hospital. the man was also armed with a knife. before police arrived he pulled the gun and barricaded himself in a bathroo
. it will be good for our economy. it will be good for our families. [ applause ] number four, as i alluded to earlier, we still need targeted programs for the communities and workers that have been hit hardest by economic change in the great recession. these communities are no longer limited to the inner city. they're found in neighborhoods hammered by the housing crisis, manufacturing towns hit hard by years of plants packing up, land-locked rural areas where young folks oftentimes feel like they've got to leave just to find a job. they're communities that just aren't generating enough jobs anymore. so we put forward new plans to help these communities and their residents because we've watched cities like pittsburgh or my hometown of chicago revamp themselves. if we give more cities the tools to do it, not handouts but a hand up, cities like detroit can do it too. so in a few weeks, we'll announce the first of these promise zones, urban and rural communities where we'll support local efforts focused on a national goal. that is, a child's course in life should not be determined by the zip
economy and creating more jobs for the american people. that's where the focus is, not more government programs. >> we have a responsibility as american people, people who have played by the rules and lost their job through no fault of their own. and need these benefits in order to survive. >> nbc's capitol hill correspondent kelly o'donnell joins me. the budget is the critical issue but the debate over extending the unemployment benefits set to threaten all of this and the "washington post" reports there are capitol hill aides who say tlsz little chance of it passing before congress leaves for their break. >> reporter: there's a weariness with so many of these fiscal deadlines we've had. we're talking about unemployment benefits for the longest term unemployed, people who really have had a hard time for a long time and congress is not necessarily in the mood to make this a line in the sand issue. clearly some democrats want to see action on this to extend the benefits and some republicans do not in part, for example, one point of view from rand paul of kentucky, saying that by extendi
on the economy. investors, not all of them, rejected that good news on wall street. we will be talking with moody's chief economist john lonski. it's not just the mullen isles, americans just don't trust each other anymore. we explored our countries trust deficit. robbie leatherwood will speak with us next. reporter: vice president aydin in asia, trying to keep the chinese are starting a military conflict. former army four-star general jack keane on what the administration should do next as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right trac
"happening now" ♪ ♪ jon: good morning on this wednesday. the president giving a speech on the economy today to talk of obamacare again. all part of a three-week pr blitz to convince americans to sign up and soon. hello, i am jon scott. jenna: i am jenna lee. the presidents common coming on the heels of the enrollment website 631 the website is trying to put the botched rollout behind it. getting that millions of enrollees getting the health care law work. the deadline to sign up for coverage next year is december 23. let's talk about with karl rove, a senior adviser and deputy chief of staff to president george bush. he is also a fox news contributor. that was part of her job when you are there to get the message out and get the programs in the public eye. can the president resell a program that has had such a difficult time? >> they had an enormously bad first impression and it is hard to convince people that this program isn't fundamentally flawed. there's a lot more bad news than there is good news. millions have lost their private insurance coverage and they are finding that when they g
inequality is jeffer dieing the middle class and he wants to make sure that the economy works for everyone. who was this speech directed at. >> reporter: that's a great question. you have look it's a it italy a political spectrum. it was directed to the left. they have been very displeased, disillusioned. look flo further than the last two months, the bunkelled roll out of healthcare.gov . it has not gone well and it's reflecting poorly in the polls. there is an election coming up for every member of the house of representatives. next year there is a third up for grabs in the senate the centecenter for american progres guaranteeing that the president's message will be amplified at the people it's aimed at. a theme that the president has concentrated on throughout the course of his speeches. echoing themes from a hundred years prior that theater roosevelt hit on. he spoke to a number of key con sit sent groups. women talking about equal wages in the work group. nondiscrimination against gays in the workplace. he talked about the affordable care act and called it a powerful piece of legisla
house. president obama is renewing his call to raise the minimum wage. >> making sure our economy works for every working american. >> reporter: the national restaurant association says most fast food workers are happy and labor unions are staining these demonstrations. >> you cannot be an employee and be demanding salary based on your needs. salaries have to be based on the economy and what the economy in the area can bear. >> reporter: organizers say they are planning more protests in the future. danielle nottingham, cbs news, washington. >> well, the stars sure came out last night in rockefeller center. the christmas tree is now in place. mayor michael bloomberg turned on the lights that illuminated a dazzling display of 45,000 multicolored led lights. it's a 76-foot spruce tree from connecticut. it is part of a ceremony that dates back to 1933. this tree you see here will be on display till january 7. afterward it is will be milled into lumber and it will be donated to habitat for humanity. >>> the holiday decorations are up inside the white house. first lady michele obama helped us
. >>> more good news about the economy coming right in time for christmas. we'll tell you all about it in business and tech. >>> plus, bat kid. the sequel. we'll tell you why the caped crusader is coming back to the city by the bay. >>> the classic baby bouncer just got a high-tech makeover. but it's not sitting well with everyone. fisher-price added an ipad holder so kids can play with the gadget while they bounce around. the company calls it the app-tivity seat. but many are slamming it. that's because the american board of pediatrics recommends no screen time for kids under 2. >>> the dow is higher after new data showed the economy is growing, scott mcgrew, much faster than anyone thought. >> good morning. the american economy added 203,000 jobs in the month of november. much bigger than the 180,000 that economists were predicting. this pushes the unemployment rate down to 7%. this is particularly good news in retail. it's good news for construction. and it's really good news for women. as we have seen for quite some time now, women are getting jobs much more quickly than men and
's everyday reinvesting for your personal economy. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is. 3 million homes. by 2030, investments in energy efficiency could help americans save $300 billion each year. take the energy quiz. energy lives here. i have a great fit with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. super poligrip free made the kiwi an enjoyable experience. [ arlie ] try zinc free super poligrip. >>> i'm harris faulkner. this is "the fox report." it is the bottom of the hour. if you're joining us, an american u.s. veteran jailed in north korea is finally home tonight. 85-year-old merrill newman says he tried and he's tired and rea
, or abc 7 president obama is taking a break from promoting health care and focusing on the economy. the president is calling on congress to increase the minimum wage. he argues growing income inequality and stagnant wages threaten upward mobility and retirement security. >> i believe this is the defining challenge of our time, making sure our economy works for every working american. ran for president, the center of last year's campaign, to drive everything i do in this office. >> we will have highlights and reaction tonight at 5:00. >> the health care law is getting a grilling on capitol hill. there is a live look there. partners atur news politico have learned that 29,000 people signed up on healthcare.gov signed up on sunday. that's more than the entire several october. intersections closed because of a gas leak in tysons cner. the gas line broke near cambridge road. drivers are being asked to avoid that area. the judiciary and public safety committee holding a hearing. they are focusing on the vacancies in paramedics and fire in umass. they will also look at a scathing audit. t
, and that's hurting the economy, as well as the military authorization bill, the defense authorization bill that allows the military to get paid next year. these things have to get done fast, it is going to be very tough including avoiding a shutdown. jenna: sometimes you're known for procrastination, maybe a tougher deadline can help everyone -- i'm just going to be optimistic. >> nice place to start. [laughter] jenna: carl, thank you. jon: when americans hear the work schedule, no wonder congress has such a low approval rating. let's go to the extreme weather alert, a nasty winter storm causing big, big problems. after being pummeled with heavy snow and freezing winds, areas are digging in for a burst of very cold temperatures. the storm is on the move now and spelling icy trouble across the south. meteorologist maria molina is here with what we can expect today. maria? >> reporter: hi, jon, good to see you, and hello, jenna. we've been looking at some very cold current wind chill temperatures with some areas looking at a current wind chill at about threes below -- 40 degrees below zero a
to try to take the steps to try to get the economy going on in consistent basis and bring unemployment down. he is going to propose a number of tax cuts or tax preferences as well as spending increases to try to do that and that may exacerbate the short-term but then he pivoted which i think is important to talk about the structural deficit. and that is what threatens the state. it's not the ice that is above the water. it's the ice that is below the water. it's not the debt on the balance sheet, it is what is off the balance sheet that disrupts the future and he talked about three things, he talked about freezing a portion of discretionary spending, less than 20% of the federal budget for three years. three years is better than one book, and you know, frankly it is a modest first step especially since discretionary spending has increased 20% plus over the last two years in the second we talked about supporting the pedro rule the senate might be voting on right now. there's lots of holes big enough to drive a truck through and on the other hand it does provide some come strains that ot
close friday, they ended what was a pretty big week for the u.s. economy. stocks high, unemployment low, and the economy growing better than anyone expected. zane asher is in new york with what it means and how it all happened. >> reporter: fredricka, it was a big week for the economy. car sales rose, new-home sales roared and the unemployment rate dropped to 7%, the lowest since 2008. and it fell for positive reasons, because people are finding work. earlier this year, the unemployment rate declined because a lot of people got discouraged, gave up looking for work and weren't counted, but the opposite seems to be happening. it's added more jobs since 2005 and the gains are not in low-wage sectors. a lot of hiring in health care, transportation, professional services like accountants and travel agents. wages are also up and americans are working more hours. the list goes on. the report pushed the dow up nearly 200 points friday. wall street is thinking the federal reserve will reduce the stimulus program soon. certainly a sign the economy is ready to stand on its own two feet. but remem
news on the economy. investors, not all of them, rejected that good news on wall street. we will be talking with moody's chief conomist john lonski. it's not just the mullen isles, americans just don't trust each other anymore. we explored our countries trust deficit. robbie leatherwood will speak with us next. reporter: vice president aydin in asia, trying to keep the chinese are starting a military conflict. former army four-star general jack keane on what the administration should do lou: let's take a look at the global hotspots that are not cooling. in afghanistan, president hamid karzai shutdown secretary john kerry's suggestion that the united states could rcumvent through famine have afghans defense ministers on a security agreement that would allow u.s. troops to stay in the country past next year. the spokesman of hamid karzai says he would not promote any of his ministers to sign in his place my certain demands are met, including a demand to change miliary operation. any major blow to hezbollah. one of its top military leaders gunned down outside of hishome in a bu
are furious about the failure to sign a trade deal with eu and turn to moscow to save the economy. >> translator: i want a new government that listens to the people and doesn't treat us like animals. >> translator: we are here to fight for our rights and our kids are brought up in a good country without corruption and where everything is fair. >> reporter: the crisis here is reaching a crucial moment and he believes he can survive with moscow's help but they are ready for a long fight to achieve aims and i'm tim friend with al jazeera. >> leaders lack constitutional power to oust the government before the presidential election in 2015. a riot breaks out in singapore's little india district after an india national was struck and killed by a bus. crowds attached police and set cars on fire and dozens were injured and 27 people were arrested. it was singapore's first major riot in four decades. and the president of venezuela won half of the elections on sunday and held control in the oil city and the capitol caracas and inflation is 54% and power outages and shortages of necessiti
a floundering economy. there is one area that can help break the logjam, not solve all our problems, certainly, but help us significantly along the way. congress should address the critical needs of our nation's infrastructure deficit. roads, bridges, transit systems are all increasingly at risk. we are facing an inadequate state of repair, construction of new facilities are on hold and we are losing ground in meeting our own needs, let alone the challenges of global competition. yet, this challenge is an opportunity for some potential progress. we know what to do to meet this challenge. we can write a new transportation bill that will meet today's needs. it just needs more money. there is a vast coalition that supports additional resources for infrastructure. the so-called special interests that are so often at odds are remarkably aligned when it comes time to recognize and fix this problem. business, labor, professional groups, local government, environmentalists, truckers, bicyclists all agree. the paralysis that surrounds questions of raising taxes does not necessarily need to apply in thi
're dealing with this horrible economy. also lands in the house of representatives where they understand nothing is getting done. the reason why we have a youth job crisis in this country is because there's been no jobs bill passed. i think the president -- >> -- trillion dollar stimulus shovel ready jobs bill in which even he admits, you know, there are no is up things as shovel ready jobs. how can you put the blame entirely on congress? isn't it the president? >> well, greg, think what we saw in the stimulus package from this president is he actually invested in america's future. he put teachers back to work. firefighters back to work. police officers back to work. a majority of those individuals are young people. young people understand that this law -- >> it was a payoff to the unions. you just listed a litany of unions who are paid off. >> you know that's not true. a lot of young teachers got a chance to go back in the classroom. >> i don't want to get off the subject here. brad, let me get back to it. here's how the new york post editorial has put this thing about millennials. amer
that must mean that the economy is getting stronger and the federal reserve will stop putting $85 billion in the economy, interest can go up and investors tend to sell stock. there is good news, the stock market goes up. this morning at 8:30 a.m. i'm watching these unemployment numbers. they were better than i thought they were going to be and the only thing i was certain of was that the stock market is going down and it closes up 200 oh points. it's a good thing that i'm m not worth my money today.ause >> there you go, boy are you worth your money on a dale lay basis. what the quality of jobs. >> we wanted the numbers. we want them above 125,000. we've been getting 159,000 per month. for the last two months we've been averaging 200,000 job created. once you have the raw numbers you to say what kind of jobs are these? if you are getting jobs that pay $.7 an hour, then people will need two of them. those positions paid as much as $26 an hour. that's the good news. better quality. but about 20% of the jobs came in the relatively low-wage sectors like retail, leisure and hospitality. we're s
in our economy. >> joining me today, "washington post" columnist jonathan capehart, former white house press secretary and founding partner off-almost said founding father -- founding father and partner of inside agency robert gibbs, congressional reporter for buzz feed and political reporter and white house correspondent at the "huffington post" sam stein. we talked a lot about the pizza versus the pizza box. after the gop autopsy, the republican conviction they didn't actually need to change the product they were selling, they just needed to change the marketing. it's unbelievable me, the whole 47% thing clearly has not made a dent. nowhere do you see that in a more pronounced fashion than republican talking points on unemployment. >> largely, if you ask most members of the gop, 47% to them wasn't a gaffe, it's a belief. i heard it in debates i had with people all of last year before the tape was uncovered. i do think, look, this is one of those things that the republicans will either learn this the easy way or the hard way. i remember watching these debates about unemployment insura
on the website, go to c-span.org. the u.s. economy added 203,000 jobs last month in the unemployment rate fell to seventh that is the lowest since november of 2008 and exceeds analysts predictions. the department releasing figures earlier today. house speaker john boehner released a number on the jobless number and said in part the report includes positive signs that should discourage the calls for more emergency government stimulus and instead with the economy needs is more progrowth solutions to get the government out of the way. begins when out at the end of the year unless congress oks the extension. yesterday the democratic steering committee held a hearing about the issue and heard from several people who face the loss of unemployment checks. here is a part of that meeting. >> i have worked my entire adult life having had three jobs i whole career. and i've never been on employed until now. as soon as i lost my job, i immediately began my furious search for employment and began navigating the world of online board, job boards and diligently networking. my goal was to place my resume in t
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